Intergenerational Transfers Between Young Adult Children and Their Parents in Korea

Bibliographic Data

ID2962398
AuthorsJu-Hyun Kim (0000-0003-4007-5739, Chungnam National University), Yun-Suk Lee (0000-0002-6990-5145, University of Seoul), Phil-Suk Kim (University of Seoul)
Year2017
Volume48
Issue2
Pages217-241
Publication date2017-05-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of Comparative Family Studies (JOURNAL)
Journal identifiersISSN: 0047-2328 • E-ISSN: 1929-9850
PublisherUniversity of Toronto Press Inc. (UTPress) (PUBLISHER)
DOI10.3138/jcfs.48.2.217
OpenAlexW2913192838
LanguageEN
Citations received8

Using the first wave of the Korean Longitudinal Study of Ageing, this study investigates intergenerational transfers between young adult children and their parents in Korea, where the influence of Confucianism is strong on the relationship between parents and children. As children grow older, they receive decreasingly less financial support from their parents and instead, children provide increasingly more economic aid to their parents. However, while the amounts of upstream transfers are modest, the amounts of downstream transfers are huge. The results revealed that the altruism, exchange motive, and 'hyo' theories can explain the mechanisms underlying intergenerational transfers. Additionally, we found that the two generations with more resources are more likely to exchange economic support to maintain and enhance their class positions

Altruism (biology) · Demographic economics · Developmental psychology · Economics · Social exchange theory · Upstream (networking) · Health disparities and outcomes · Intergenerational and Educational Inequality Studies · Intergenerational Family Dynamics and Caregiving · Psychology · Social Psychology

Tools

Open DOI